Sabine Royalty Trust (NYSE:SBR) Short Interest Update

Sabine Royalty Trust (NYSE:SBR) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 16,849 shares, a growth of 98.0% from the February 26th total of 8,511 shares. Based on an average daily volume of 37,654 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Sabine Royalty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in Sabine Royalty Trust in the fourth quarter worth approximately $56,000. DGS Capital Management LLC acquired a new position in shares of Sabine Royalty Trust during the 4th quarter valued at $336,000. Virtu Financial LLC bought a new stake in shares of Sabine Royalty Trust in the 4th quarter worth $301,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Sabine Royalty Trust by 2.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,025 shares of the energy company’s stock valued at $1,030,000 after buying an additional 418 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its stake in Sabine Royalty Trust by 0.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 86,389 shares of the energy company’s stock valued at $5,924,000 after buying an additional 805 shares in the last quarter. Institutional investors own 15.81% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sabine Royalty Trust Price Performance

Shares of NYSE SBR traded up $0.79 during midday trading on Thursday, reaching $74.86. 23,892 shares of the company traded hands, compared to its average volume of 45,843. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 14.85 and a beta of 0.28. The stock has a 50-day moving average price of $71.64 and a 200 day moving average price of $72.61. Sabine Royalty Trust has a 52 week low of $58.25 and a 52 week high of $84.39.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a $0.2862 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.28. The ex-dividend date is Monday, March 16th. Sabine Royalty Trust’s payout ratio is 68.06%.

About Sabine Royalty Trust

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.